Morning all,

I hope you are well.Looking at Wall Street Futures we have the classic over night channel. It may have to wait until the European open until we get a break. There is a potental on the open for a Gap Close on the FTSE and Dax and this will also help pull Wall Street back into the 60 minute 20 MA.

Gold found support off our hourly support level and could well test this again today. Please draw the upward sloping support level on your chart and look for the break if indices rally today.

James

April 15th 2009 Posted to Commodities, DAX, DOW, FTSE, GOLD, Indices | Comments (0) |  Email This Post

• Flash

by: vPIP	Embed (copy & paste):	close

Again the Dax does look weak but a break of the level is key. You could wait for a break and then a retrace to resist on the old support.

James

February 12th 2009 Posted to DAX, Indices | Comments (0) |  Email This Post

Well done to all that traded the Indices today the vaste majority close positions before the news but for those that didnt we closed as soon as the news was released. Well Done to all.

January 30th 2009 Posted to DAX, DOW, FTSE, Indices | Comments (0) |  Email This Post

• Flash

by: vPIP	Embed (copy & paste):	close

As suggested this morning wait for the DAX to move back into the 1 hourly 20 MA before looking for a short position.

James

January 30th 2009 Posted to DAX, Indices | Comments (0) |  Email This Post